It would be beneficial if you could employ some factual analysis to support this $3.45 theory. While you have every reason to believe what you hear, history is less sympathetic to their eventual outcomes. I've seen this mentioned on another thread as well but sadly have not seen a basis to support such a figure other than hearsay. Thank you for your continued efforts to inject optimism and positive vibes on this forum.
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02-07-2007, 10:23 AM #201
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02-07-2007, 10:28 AM #202
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Thankyou!
NOT LOOKING TO STURR UP!!!!!!!!!!
JUST WANT TO HEAR THE LATEST!one side of this debate will be proven wrong.i have no info coming,so i crave what others hear. right or wrong
i will take all such info as possible / hopefull/ oh please no! but be verry
happy to have it.THUNDERS JUST A NOISE BOYS, LIGHTNING DOES THE WORK!!
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02-07-2007, 10:31 AM #203
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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02-07-2007, 10:37 AM #204
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02-07-2007, 10:38 AM #205
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Agree this is different, but the fundamentals of economics would still apply to its currency manipulation. There is no doubt that Iraq will be a powerhouse in the next decade or so, but until such time there will be a gradual appreciation of the dinar in line with its economic targets.
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02-07-2007, 10:38 AM #206
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I don't know what will happen with the dinar, but clearly currency does change dramatically in value in some instances. All you need to do is look at the fall of the Iraqi dinar or the fall and rise of the Kuwaiti dinar. Your economic impossibility scenario has already been refuted by recent history.
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02-07-2007, 10:39 AM #207
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02-07-2007, 10:42 AM #208
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02-07-2007, 10:44 AM #209
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There is no recorded event that suggests a fall and rise of the Kuwaiti dinar as propagated by many. I would, of course, be thrilled to bits to be privy to such info. A while back, I posted the exchange rates of the Kuwaiti Dinar during a 2 year period prior to and after the Iraqi invasion and did not see the changes that are being flogged to death by all and sundry.
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02-07-2007, 10:47 AM #210
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I agree about fundamentals of economics but this is just a program rate not the real value as stated by their ministers in such statements as return to normal rate etc. The fundamentals are Iraq is going to have the most Oil in the world (Once the entire country is explored) which is your supply and the world is going to continue to need more and more of it (demand) giving them a commodity worth loads of money to help back their currency (Which has not long been approved to do as per a article I believe Adster found) to go from the Program rate to the real value would have to be high enough to deal with speculation and also as has been seen in articles their desire to have the value equal that of surrounding countries. Again I'm no expert JMO
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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